Point72 Asia Singapore Pte. Ltd. Acquires Shares of 1,827 Vulcan Materials (NYSE:VMC)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Vulcan Materials (NYSE:VMC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,827 shares of the construction company's stock, valued at approximately $470,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its position in Vulcan Materials by 16.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company's stock valued at $65,000 after buying an additional 36 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Vulcan Materials by 2.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,791 shares of the construction company's stock worth $461,000 after acquiring an additional 44 shares during the period. Howard Capital Management Inc. increased its position in shares of Vulcan Materials by 5.2% in the fourth quarter. Howard Capital Management Inc. now owns 906 shares of the construction company's stock valued at $233,000 after buying an additional 45 shares in the last quarter. Washington Trust Advisors Inc. grew its stake in Vulcan Materials by 30.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company's stock valued at $54,000 after acquiring an additional 48 shares during the period. Finally, Sound View Wealth Advisors Group LLC lifted its stake in Vulcan Materials by 4.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,169 shares of the construction company's stock valued at $301,000 after buying an additional 48 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Price Performance

VMC traded up $0.17 on Monday, hitting $275.68. 750,134 shares of the company were exchanged, compared to its average volume of 944,560. The firm has a market capitalization of $36.42 billion, a P/E ratio of 40.25, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. The business's fifty day moving average is $245.72 and its 200 day moving average is $260.41. Vulcan Materials has a fifty-two week low of $215.08 and a fifty-two week high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.20. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The firm had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.64 billion. During the same period in the prior year, the company earned $0.80 EPS. The firm's revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Friday, May 23rd. Vulcan Materials's payout ratio is 27.80%.

Insider Activity

In other Vulcan Materials news, SVP David P. Clement sold 1,500 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $270.00, for a total transaction of $405,000.00. Following the transaction, the senior vice president now owns 2,832 shares of the company's stock, valued at $764,640. This trade represents a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.62% of the company's stock.

Analyst Upgrades and Downgrades

VMC has been the subject of a number of recent research reports. Argus raised Vulcan Materials to a "strong-buy" rating in a research note on Thursday, April 24th. UBS Group raised shares of Vulcan Materials from a "neutral" rating to a "buy" rating and increased their price target for the stock from $280.00 to $318.00 in a research report on Friday. Morgan Stanley increased their price target on Vulcan Materials from $273.00 to $303.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Royal Bank of Canada increased their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 19th. Finally, Wolfe Research raised shares of Vulcan Materials from a "peer perform" rating to an "outperform" rating in a report on Thursday, April 10th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $302.91.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.